Cairo's real estate market is experiencing a price correction, with values down 61.6% from last year. The median home price has fallen to $7,000, a significant 61.6% decrease year-over-year. At the current pace, all available homes in Cairo would sell out in just 1.0 months, indicating a continued supply shortage. Properties are selling within just 13 days on average, much faster than the historical norm of 65 days. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Cairo market with the affordability index at 16.9. Based on current market indicators, home prices in Cairo are projected to decrease by approximately 9.3% over the next month.
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